Raymond may rally to Rs 400, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, " S Kumars belongs to that midcap category where there was a run-up and I think that S Kumar is now likely to go through a correction and we will find out how that correction pans out, but it's a sell, it is not a buy. Raymond is a different story. It has already gone through a deep correction. So, now I assume that I don't know how it will react to today's numbers, but its not in a downtrend. It's in an uptrend and slowly and softly it should reach Rs 400 whether its in a week or a month that's a different thing."
He further added, " ONGC has done very well, I wonder if it's just on the back of what Reliance is doing, but ONGC is not a high beta stock. It's held out but it's essentially in a trading range between Rs 240 and Rs 280. So, at Rs 260 odd there is another Rs 10 of up move here before significant resistance comes in. So, ONGCs contribution to the Nifty up or down either ways is going to be very small. I don't think there is a visible trade in ONGC. A very short term trader can buy and look for Rs 5 or 7, that's it."
